Figma Inc. raised $1.2 billion with an initial public offering on Thursday, with shares trading for $33, which increased its market share to $19.3 billion.

Figma raised $1.2B in IPO, pricing above range and landing $19B valuation, and could see a sharp first-day surge as well.

As a business, Figma appears to have a bright future ahead of it, but after tripling on its IPO day, the stock now has a market cap of roughly $60 billion, giving it a price-to-sales ratio (P/S) of ...

Figma Inc.’s 250% surge in its debut session is the kind of coming-out party every startup dreams of when it goes public.Most Read from BloombergThe World’s Data Center Capital Has Residents ...